3 2003-04-16 0 0001069778 FLEXXTECH CORP FLXE 0001227510 NOVIELLI MICHAEL A 1 1 0 0 Chairman October 2001 No. 2 0 2002-10-23 2006-11-01 common 60000 I see footnote April 2003 101 0 2003-04-16 2008-04-16 common 40000 I see footnote as amended on June 25, 2003 The Debenture is convertible into common shares priced at the lower of 75% of the lowest closing bid price of the common stock in the 15 trading days prior to conversion or 100% of the average of the closing bid prices of the common stock for the 15 trading days prior to closing. Dutchess Private Equities Fund, LP purchased the Debenture. Mr. Novielli is a managing member of Dutchess Capital Management, LLC which acts as general partner to Dutchess Private Equities Fund, LP /s/ Michael Novielli 2003-06-25